Oil and Gas

OPEC Agrees to Keep 30 Million Bpd Oil Target: Delegates

Tyler Stableford | Image Bank | Getty Images

OPEC agreed on Wednesday to hold its oil production limit unchanged at 30 million barrels a day, delegates at the meeting said.

Ministers of the Organization of the Petroleum Exporting Countries continued in closed session to debate who should be the group's next secretary general.

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They were divided over candidacies from Saudi Arabia and Iraq. Iran which also fielded a candidate agreed to back the Iraqi nomination, delegates said.